2022-12-31-accounts

		Pages
Trustees'	annual report	1 to 2
Independent examiner's report to the trustees
Statement	offinancial activities
Statement	offinancial position
Statement	ofcash flows
Notes to the financial statements		7to 13

Year ended	31 December	2022
				2022	2021
				Total	Total
				Unrestricted	unrestricted
				funds	funds
			Note	K	E
Income
Voluntary income				7,122	4,166
Investment income				18,788	18,595
Other income	—Bank incentives			1	1,600
Total income				25,911	24,361
Expenditure
Expenses
Church expenses				12,265	5,126
Reading	Room expenses			1,544	3,311
Donations				362
Total expenditure				14,171	8,437
Net income				11,740	15,924
Other recognised gains and losses
(Losses)/Gains	on investments	and depreciation		(28,896)	18,659
Net movement	in funds			(17,156)	34,583
Reconciliation	offunds
Total funds brought forward				556,614	522,031
Total funds carried forward				539,458	556,614

					2021	2021
				Note		6
Fixed assets
Tangible fixed assets				14	279,298	272,211
Current assets
Stocks				15	2,950	3,109
Investments				16	218,093	244,186
Cash at bank	and	in hand		17	39,117	37,108
					260,160	284,403
Net current	assets				260,160	284,403
Total assets	less	current	liabilities		539,458	556,614
Funds ofthe charity
Unrestricted	funds				539,458	556,614
Total charity	funds			18	539,458	556,614

Year ended 31 Decem	ber	2022
				2022	2021
				6	E
Cash flows from operating	activities
Net income				11,740	15,924
Changesin:
Stocks				159	381
Cash generated from operations				11,899	16,305
Net cash from/(used in) operating		activities		11,899	16,305
Cash flows from investing	activities
Purchase oftangible assets				(9,890)	(189)
Purchase of investments				(297,739)	(242,968)
Proceeds from sale of investments				297,739	242,968
Net cash used in investing activities				(9,890)	(189)
Net increase/(decrease) in	cash	and cash	equivalents	2,009	16,116
Cash and cash equivalents	at beginning		ofyear	37,108	20,992
Cash and cash equivalents	at end ofyear			39,117	37,108

over the useful economic life oft	hat asset as follows	:
Society Property	Not depreciated
Equipment	33%reducing	balance
Society Fixtures and fittings	25% reducing	balance
Reading Room Fixtures and	25% reducing	balance
fittings

Ye	ar ended	31 December 2022	31 December 2022	31 December 2022
4.	Voluntary	income
					Total Funds	Total Funds
					2022	2021
	Donations
	Collections				6,399	3,776
	Donations				723	390
					7,122	4,166
5.	Investment		income
					Total Funds	Total Funds
					2022	2021
					5	F
	Bank interest				68	80
	Car park	income			18,720	18,515
					18,788	18,595
6.	Other income —bank incentive
					Total Funds	Total Funds
					2022 6	2021 f
	Other income		—bank incentive		1	1,600
7.	Church expenses
					Total Funds	Total Funds
					2022	2021
					6	6
	Water				289	344
	Light and	heat			592	582
	Repairs and		maintenance		2,242	1,552
	Insurance				3,712	35
	Independent		examination		750	720
	Telephone				156	185
	Cleaning	and	windows		2,505	1,010
	Lectures and		events		1,000
	Promotion	and advertising			453	418
	Postage,	printing		and sundries		146
	Computer	consumables			566	108
	Transport	costs				26
					12,265	5,126

Ye	ar ended	31 D	31 D	31 D	31 D	ecembe	r 202	2
8.	Reading	room				expenses
									Total Funds		Total Funds
									2022		2021
									6		r
	Water								116		67
	Light and	heat							273		625
	Repairs and			maintenance							670
	Insurance								357		875
	Telephone										155
	Cleaning	and			windows						40
	Loss on Reading					room sales			798		879
									1,544		3,311
9.	Donations
									Total Funds		Total Funds
									2022		2021
									6		r
	Donations								362
	Donations		comprise:
										2022	2021
										6	6
	COP Great		Britain &Yorkshire							362
										362
10.	Net expenditure
	Net expenditure					is stated	after charging:
										2022	2021
										6	5
	Depreciation			oftangible fixed assets						2,803	453
11.	Independent				examination		fees
										2022	2021
	Fees payable				to	the independent		examiner for:
	Independent			examination			ofthe	financial statements		750	720

Tangible	fixed a	ssets
						At		At
						1Jan 2022	Additions	31 Dec 2022
						8	5
Cost
Society	Freehold	Property				221,965		221,965
Reading	Room Refurbishment			Leasehold	Property	57,282		57,282
Society	Fixtures	& Fittings				29,973	9,890	39,863
Equipment						14,753		14,753
Reading	Room Fixtures		& Fittings			28,382		28,382
						352,355	9,890	362,245
						At	Charge for	At
						1Jan 2022	the year	31Dec 2022
						8	5	a
Depreciation
Society	Freehold	Property
Reading	Room Refurbishment			Leasehold	Property	8,282		8,282
Society	Fixtures	&Fittings				29,262	2,650	31,912
Equipment						14,532	74	14,606
Reading	Room Fixtures		& Fittings			28,068	79	28,147
						80,144	2,803	82,947
							At	At
							31 Dec2022	31Dec2021
								8
Carrying	amount
Society	Freehold	Property					221,965	221,965
Reading	Room Refurbishment			Leasehold	Property		49,000	49,000
Society	Fixtures & Fittings						7,951	711
Equipment							147	221
Reading	Room Fixtures		& Fittings				235	314
							279,298	272,211

15.	Stocks
									2022	2021
										E
	Reading	Room Stock							2,950	3,109
16.	Investments
									2022 f	2021 6
	Investments								218,093	244,186
	Investments		comprise:
									2022	2021
										E
	iShares	Investments							5,905	15,630
	Legal &	General		Investments					123,690
	Vanguard	Funds		Investments					86,820	226,294
	Investment		Porffolio Cash Account						1,678	2,262
									218,093	244,186
	Movements		during the year comprise:
										2022
	Investments		brought forward							244,186
	Additions	during		the year						297,739
	Disposals during			the year						(297,739)
	Loses during		the year							(26,093)
										218,093
17.	Cash and cash			equivalents
									2022	2021
									6	E
	Monmouthshire			Building	Society				15,208	15,140
	Virgin Bank		Current Account						23,909	21,968
	Petty Cash Floats and Cash in Hand
									39,117	37,106
18.	Analysis	ofcharitable funds
	Unrestricted		funds
									Gains and	At
					At 1	Jan 2022	Income	Expenditure	losses	31Dec 2022
							E	E	E	6
	General	Fund				556,614	25,911	(14,171)	(28,896)	539,458
									Gains and	At
					At 1	Jan 2021 6	Income	Expenditure	losses f	31 Dec 2021
	General	Fund				522,031	24,361	(8,437)	18,659	556,614

Other gains an	d l	osses comprise:
			2022 f	2021 E
(Losses)/gains	on	investments	(26,093)	19,112
Depreciation			(2,803)	(453)
			(28,896)	18,659

Analysis of net assets between funds
	Total Funds	Total Funds
	unrestricted	unrestricted
	2022	2021
	F	6
Tangible fixed assets	279,298	272,211
Current assets	260,160	284,403
Net assets	539,458	556,614

Analysis ofchan	ges in net cash and	investments
					At
		At	1 Jan 2022	Cash flows	31 Dec 2022
				r.
Cash at bank and	in hand		37,108	2,009	39,117
Current asset investments			244,186	(26,093)	218,093
			281,294	(24,084)	257,210